United States 12 Month Natural Gas Fund LP issues monthly report By Investing.com

Today, United States 12 Month Natural Gas Fund, LP, a Delaware limited partnership, disclosed its monthly account statement for the period ending August 31, 2024. The statement, which includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, was released in compliance with Rule 4.22 under the Commodity Exchange Act.

The financial details were made available in Exhibit 99.1 of the Current Report on Form 8-K, which the partnership filed with the Securities and Exchange Commission. The information, which is also accessible on the Registrant’s website, is not to be considered “filed” for regulatory purposes, nor is it integrated by reference into any prior or future securities filings, except as explicitly stated.

The United States 12 Month Natural Gas Fund, LP, trades under the ticker UNL on the NYSE Arca, Inc. As per the Securities Exchange Act of 1934, the report was signed by Stuart P. Crumbaugh, the Chief Financial Officer of United States Commodity Funds LLC, which serves as the general partner of the fund.

In other recent news, the United States 12 Month Natural Gas Fund has disclosed its monthly financial statements for July, June, and May 2024. These statements provide critical insights into the fund’s financial performance, including income and net asset value changes, managed by the fund’s general partner, United States Commodity Funds LLC. These documents, complying with Rule 4.22 under the Commodity Exchange Act, are available on the fund’s website for public access.

However, they are not considered “filed” for regulatory purposes and will not be incorporated into any filings under the Securities Act of 1933 unless specifically referenced. These recent developments offer a snapshot of the fund’s financial status, providing investors with necessary information for their decision-making process.

InvestingPro Insights

As of the latest data from InvestingPro, United States 12 Month Natural Gas Fund, LP (UNL) has a market capitalization of $20.07 million. The fund’s recent performance shows mixed results, with a 1-week price total return of 1.43% and a 1-month return of 8.4%. However, the longer-term picture reveals challenges, as evidenced by the negative 27.67% 1-year price total return.

InvestingPro Tips highlight some important considerations for investors. The fund suffers from weak gross profit margins, which could impact its overall profitability. Additionally, the valuation implies a poor free cash flow yield, potentially indicating limited financial flexibility. It’s also worth noting that UNL does not pay a dividend to shareholders, which may be a factor for income-focused investors.

These insights align with the fund’s nature as a commodity-based investment vehicle, where performance is closely tied to prices. The volatility in returns across different timeframes reflects the inherent risks in the natural gas market. For a more comprehensive analysis, InvestingPro offers 8 additional tips that could provide deeper insights into UNL’s investment potential.

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